https://www.taxtmi.com/article/detailed?id=561 The submission opposes shifting MAT to a gross assets base for infrastructure, recommending exemptions for projects and investment companies, extension of concessional rates, deduction of existing debt from gross assets, and retention of MAT credit. It requests that gross asset taxation not apply during tax holiday periods and seeks clarity on computation. On indirect taxes it urges exemption of capital dredging from service tax, reversal of a circular imposing interest where CENVAT credit was reversed before use, and extension of concessional CST declaration forms to key infrastructure sectors. en-us Tue, 17 Nov 2009 23:57:49 +0530 Sat, 14 Sep 2013 22:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=561 The submission opposes shifting MAT to a gross assets base for infrastructure, recommending exemptions for projects and investment companies, extension of concessional rates, deduction of existing debt from gross assets, and retention of MAT credit. It requests that gross asset taxation not apply during tax holiday periods and seeks clarity on computation. On indirect taxes it urges exemption of capital dredging from service tax, reversal of a circular imposing interest where CENVAT credit was reversed before use, and extension of concessional CST declaration forms to key infrastructure sectors. Articles Budget - Tax Proposals Tue, 17 Nov 2009 23:57:49 +0530 https://www.taxtmi.com/article/detailed?id=561